Local Government Events Also Go Carbon Neutral... Hyundai Steel Donates Emission Credits

Hyundai Steel, Dangjin City, and Lloyd Certification Institute signed a business agreement on the 11th to promote a carbon neutrality event. After the signing ceremony, the attendees took a commemorative photo. Photo by Hyundai Steel

[Asia Economy Reporter Choi Dae-yeol] A domestic first is expected as a local government event will be conducted in a 'carbon-neutral' manner through the donation of carbon credits by a company with a factory located locally.

Hyundai Steel signed an agreement on the 11th with Dangjin City and Lloyd's Register Certification to promote carbon-neutral events. Accordingly, the 200th anniversary event of Father Kim Dae-geon's birth and the 72nd Chungnam Provincial Sports Festival will be operated as carbon-neutral events.

Carbon-neutral events offset greenhouse gas emissions generated from energy sources such as vehicles used throughout the event operation, electricity, and liquefied natural gas (LNG) by pre-calculating the emissions and offsetting them with carbon credits. Hyundai Steel, which has a blast furnace steelworks in Dangjin, and Korea Midland Power donate voluntary carbon credits (VCS) to make the carbon emissions zero.

The global certification body Lloyd's Register Certification verifies the offset between emissions generated from the event and the VCS. VCS refers to emission credits obtained through voluntary greenhouse gas reduction projects and is mainly used by global companies or large-scale events when declaring carbon neutrality.

A company official said, "As this is the first domestic event promoted by a company, local government, and global verification body together according to the international carbon neutrality standard (PAS 2060), we will do our best in preparing the event to set a good example."

This content was produced with the assistance of AI translation services.